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When Balenciaga is announced, fashion’s latest round of comings and goings should be more or less complete. “Most of the groups are positioning themselves for a rebound in 2026,” says Rambourg. “[The strategy is to] have everything in place in terms of management, designer, whatever else you need to be ready for when the world will be a bit of a better place, hopefully in 2026.” When Jenny Lei founded handbag brand Freja in 2019, she relied 100 per cent on digital marketing. With experience in dropshipping (where orders are shipped directly from the supplier), she felt she had a good grasp on paid advertising. “I didn’t know anything about SEO, content, pitching, or influencer marketing — but I did know they were incredibly time-intensive, so I figured digital ads would also be my quickest way to start seeing results. Which is what I needed at the time, with 300 bags piled up in my apartment and storage unit.”Jack Motherfucking Smith Shirt
In hindsight, Lei founded her brand at the tail end of digital marketing’s glory days. This month alone, Google and Meta both became embroiled in antitrust lawsuits, the US government alleging that that these corporations have unfair leverage through monetising all of their data assets together, and that these practices are anticompetitive (and illegal). TikTok, brands’ latest go-to advertiser, remains in limbo in the US, currently sitting through a second 75-day extension to its looming ban. “The FTC’s weak lawsuit against Meta ignores reality,” Meta said in a statement, noting that, per the lawsuit, the FTC considers Snapchat and an app called MeWe its only competitors; Meta argues that TikTok, YouTube, X and other apps are also its competition. “More than 10 years after the FTC reviewed and cleared our acquisitions, the Commission’s action in this case sends the message that no deal is ever truly final. It’s absurd that the FTC is trying to break up a great American company at the same time the Administration is trying to save Chinese-owned TikTok.”
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